February brought an increase in Portland-area home sales, along with a jump in prices, but it also saw a drop in contracts for future sales, perhaps due partially to a winter snowstorm that hammered the region. According to numbers released Wednesday by the RMLS, 1,467 Portland-area homes changed hands in February. That’s 6.6 percent more transactions than a year earlier and 5.1 percent more than in January.
But the number of home sale contracts reached in February dropped to 1,848, a decline of 13.2 percent from a year ago and 8.8 percent from January. According to RMLS the amount of times real estate agents accessed lockboxes on homes for sale dropped 36 percent the weekend of the snow storm.